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April 26, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Daingerfield, Business Loans > National Bank Of Daingerfield Daingerfield Business Loans > Home Furnishings Stores Loan | ||||
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TX Business Loan from National Bank Of Daingerfield
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Business Loan from National Bank Of Daingerfield Given to Home Furnishings Stores CompanyNational Bank Of Daingerfield is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in Hughes Springs, Texas, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was National Bank Of Daingerfield, based in Daingerfield, Texas. SBA Loan Borrower COMPANY TYPE: HOME FURNISHINGS STORES SBA Loan Lender NATIONAL BANK OF DAINGERFIELD This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442299 - Home Furnishings Stores Loan Approval Date 1/4/2007 Loan Approval Gross Amount $275,000 Loan Approval from the SBA Of the total $275,000 loan amount, the SBA guaranteed $206,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 14 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $275,000 loan. Remember, where there is a will, there is a way! About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Find an SBA Lender in Daingerfield, Texas
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